The developer of X Wallet, another XMR wallet for iOS, posted an update. While the app is currently pending app store approval, it has received a lot of criticism from the community. This is because of the way the X Wallet has chosen to monetize its app, specifically by charging an additional transaction fee which may compromise users privacy. An article was written discussing why you shouldn’t use X Wallet if you care about your privacy.

Monero Valuation

CryptoIzzy shared his latest thoughts on Monero’s valuation. I highly recommend everyone gives it a look. He believes that Monero is uniquely positioned (and far more so than any other cryptocurrency – and therefore as a true successor to Bitcoin) to displace corrupt fiat money and bring back sound money (with an important focus on Fungibility). He concludes that Monero may ultimately be worth between $200,000 to $2,000,000 per coin.

Monero Testnet Live

You can now test out Monero’s latest features including Bulletproofs, Subaddresses, and Multisig on Monero Testnet Live thanks to u/phloating_man. Users don’t have to compile from source, download the blockchain, or mine testnet.

r/Monero 100k+ Subscribers!

SHUM

In a prime example of SHUM (Should have used Monero) and why fungibility is so important, a user detailed his recent experience with Bitfinex. He claims to have over $1mm in crypto assets frozen on Bitfinex due to his funds behind associated with a tainted history. The case is currently pending POLICE investigation. This would have not been possible if he transacted with a fungible cryptocurrency such as Monero.

Monero Marketing

u/Cartyisme released his new Monero art project. He released a booklet which contains 13 drawings that act as mnemonic seed for a Monero wallet. 50 Booklets were printed and left in public at various locations throughout Central California with .105XMR in each wallet.

u/frankreddit5 took the Monero white paper and turned it into a typographical art piece, including all technical details, figures, and theorems.

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About

Monero Observer is a free weekly news publication released every Tuesday, created in an effort to keep the Monero community up to date on all the latest news and developments related to Monero. We aim to achieve this by aggregating all the relevant information into one convenient location in an easy-to-digest format. We sift through the noise so you don’t have to.

Monero Observer is proudly funded by the Monero Community! It is operated and maintained by monerooby_doo. Donations (XMR) are greatly appreciated:

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Disclaimer

This site contains opinion for informational purposes only and does not constitute investment advice. Information may contain errors and omissions. Use solely at your own risk. The authors of this site and/or the authors of articles linked to from this site may have financial investments that may bias their opinions, including ownership of Monero currency. Always do your own research, form your own opinions, and never take risks with money or trust third parties without verifying their credibility.